Jim Cramer Says "Verizon is Kind of Like a Bond That Can Move Up a Little"

Verizon Communications Inc. (NYSE:VZ) is one of the stocks Jim Cramer recently offered insights on. Inquiring about the stock, a caller pointed out the company’s “big cash flow and a fat dividend”. This is what Mad Money’s host had to say in response:

“I think Verizon is kind of like a bond that can move up a little bit. I applaud your decision, with the 7% yield, I think it’s, it’s a really good idea.”

Verizon Communications Inc. (NYSE:VZ) provides wireless, broadband, and wireline communication services. The company offers networking, security, IoT, and managed communication services. During the May 29 episode, Cramer said the company is not as bad as it used to be, as he remarked:

“No, that’s fine… The dividend, 6% is good. They’re doing better… I gotta put it like this way, Verizon, not as bad as it used to be. I mean that’s not enough for me, but that’s kind of enough for them. Hey, we’re not so bad, that’s a good slogan for them. Hey Verizon, we’re not so bad. I like that.”

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Disclosure: None. This article is originally published at Insider Monkey.